Michael Morhaime Form 4 Activision Blizzard / Michael Morhaime ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Morhaime Michael

(Last) (First) (Middle)

C/O BLIZZARD ENTERTAINMENT

16215 ALTON PARKWAY

(Street)

IRVINE CA 92618

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Activision Blizzard, Inc. [ ATVI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Pres. & CEO-Blizzard Ent.

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.000001 per share	03/15/2017		M		5,000	A	$11.54	27,543	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		S		5,000	D	$49.1783(1)	22,543	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		M		2,500	A	$11.88	25,043	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		S		2,500	D	$49.1783(1)	22,543	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		M		1,705	A	$12.98	24,248	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		S		1,705	D	$49.1783(1)	22,543	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		M		3,258	A	$10.66	25,801	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		S		3,258	D	$49.1783(1)	22,543	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		M		8,686	A	$17.72	31,229	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		S		8,686	D	$49.1783(1)	22,543	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		M		7,037	A	$20.1	29,580	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		S		7,037	D	$49.1783(1)	22,543	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		M		1,438	A	$34.59	23,981	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share	03/15/2017		S		1,438	D	$49.1783(1)	22,543(2)	I	Securites held by Mr. Morhaime's wife
Common Stock, par value $0.000001 per share								139,999(3)	D
Common Stock, par value $0.000001 per share								369,821(4)	I	See footnote.(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options	$11.54	03/15/2017		M			5,000	(6)	11/09/2019	Common Stock, par value $0.000001 per share	5,000	$0	0	I	Securites held by Mr. Morhaime's wife
Employee Stock Options	$11.88	03/15/2017		M			2,500	(7)	11/08/2020	Common Stock, par value $0.000001 per share	2,500	$0	0	I	Securites held by Mr. Morhaime's wife
Employee Stock Options	$12.98	03/15/2017		M			1,705	(8)	11/10/2021	Common Stock, par value $0.000001 per share	1,705	$0	0	I	Securites held by Mr. Morhaime's wife
Employee Stock Options	$10.66	03/15/2017		M			3,258	(9)	11/09/2022	Common Stock, par value $0.000001 per share	3,258	$0	0	I	Securites held by Mr. Morhaime's wife
Employee Stock Options	$17.72	03/15/2017		M			8,686	(10)	11/15/2023	Common Stock, par value $0.000001 per share	8,686	$0	0	I	Securites held by Mr. Morhaime's wife
Employee Stock Options	$20.1	03/15/2017		M			7,037	(11)	11/14/2024	Common Stock, par value $0.000001 per share	7,037	$0	3,518	I	Securites held by Mr. Morhaime's wife
Employee Stock Options	$34.59	03/15/2017		M			1,438	(12)	11/13/2025	Common Stock, par value $0.000001 per share	1,438	$0	2,875	I	Securites held by Mr. Morhaime's wife

Explanation of Responses:

1. The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $49.17 to $49.22 per share. Mr. Morhaime has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff information regarding the number of shares sold at each price within that range.

2. Following the transactions reported on this Form 4, Mr. Morhaime indirectly holds, through his wife, (a) 12,861 shares of the Company's common stock and (b) 9,682 performance-based vesting restricted stock units, each representing the right to receive one share of the Company's common stock.

3. Mr. Morhaime directly holds 139,999 restricted stock units, each representing the right to receive one share of the Company's common stock.

4. Mr. Morhaime indirectly holds, through the Michael Morhaime Revocable Trust, 369,821 shares of the Company's common stock.

5. These securities are held by the Michael Morhaime Revocable Trust.

6. These options were fully exercisable as of November 9, 2012.

7. These options were fullly exercisable as of November 8, 2013.

8. These options were fully exercisable as of November 10, 2014.

9. These options were fully exercisable as of November 9, 2015.

10. These options were fully exercisable as of November 15, 2016.

11. The exercised options were fully vested as of November 14, 2016. The remaining options will vest on November 14, 2017.

12. The exercised options vested on November 13, 2016. One-half of the remaining options will vest on each of November 13, 2017 and 2018.

Remarks:

	/s/ Michael Morhaime	03/17/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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